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you are jack welch. jack, you've got to take this opportunity while everybody is listening to you to actually say, yes, anderson, i'm taking that tweet back. i'm going to send a new tweet to say i was exaggerating. there are problems, maybe bls should look into it, but throwing out the accusation, that's like asking the government, how often do you beat your wife? >> i should have had a question mark at the back of it, ali, let's face it, okay? the facts are, ali, no matter how you want to look at this, we had 25 economists polled before this number came out. the average number they expected was about 115,000. not one of them had a number below 8.1. they were republicans and they were democrats. and all of a sudden -- >> i agree with you. >> you agree with that? >> i agree with everything you're saying, jack, and if your question was -- >> i wake up this morning and it's 7.8 with a bunch of asmptions. >> as the best ceo that america has ever had, there are two very powerful things you can say here. one i
you are jack welch. jack, you've got to take this opportunity while everybody is listening to you to actually say, yes, anderson, i'm taking that tweet back. i'm going to send a new tweet to say i was exaggerating. there are problems, maybe bls should look into it, but throwing out the accusation, that's like asking the government, how often do you beat your wife? >> i should have had a question mark at the back of it, ali, let's face it, okay? the facts are, ali, no matter how you want...
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yesterday jack welch, the former chairman and ceo of ge, tweeted unbelievable job numbers. these chicago guys will do anything. can't debate, so change numbers. he's obviously very influential man. when he tweets, people listen. is there any way that these kinds of numbers can be manipulated? >> he tweets, people listen, they retweet, they write about it and we certainly talked about it a lon on cnbc. the fact of the matter is the bureau of labor statistics has been calculating this number since 1948. it's a scientific survey. they poll 140,000 businesses. you definitely have a giant sample here. what some people are saying is a possibility is that the type of businesses sampled were ones that were skewed towards jobs added. those place where is they might have add more part-time workers. we also saw a giant jump in the number of people employed from the age group of 20 to 24. the biggest jump since 1964. some of these businesses that employed more young people being pulled? it's unlikely. it's really an issue of how much data you can actually get together in 30 days time.
yesterday jack welch, the former chairman and ceo of ge, tweeted unbelievable job numbers. these chicago guys will do anything. can't debate, so change numbers. he's obviously very influential man. when he tweets, people listen. is there any way that these kinds of numbers can be manipulated? >> he tweets, people listen, they retweet, they write about it and we certainly talked about it a lon on cnbc. the fact of the matter is the bureau of labor statistics has been calculating this...
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i'm friend with jack welch and i tweeted him back. i said, jack, i love you, but on this one you've just flat out lost your mind. there's an ironclad firewall with criminal penalties for anybody at the bls to have any kind of political interference or to release any of the numbers early. it's totally impossible to do that. you've seen all the reputable republicans that have worked with the bureau of labor statistics in the past, past cea chairs come out and say, look, come on, you've got to be kidding on this thing. i kind of think they were kidding. i hope they were kidding. i mean, there's absolutely no evidence of political changing the numbers. and if somebody were changing the numbers, why would you make the numbers last month worse than expected? why would you make the payroll numbers at 114,000, not especially impressive. it just doesn't make any sense. >> all right. austan, thanks very much for coming in. >> great to see you again mpkts a check of the top stories and then something that would change the headlines about the oba
i'm friend with jack welch and i tweeted him back. i said, jack, i love you, but on this one you've just flat out lost your mind. there's an ironclad firewall with criminal penalties for anybody at the bls to have any kind of political interference or to release any of the numbers early. it's totally impossible to do that. you've seen all the reputable republicans that have worked with the bureau of labor statistics in the past, past cea chairs come out and say, look, come on, you've got to be...
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Oct 6, 2012
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even jack welch, his stock is at 23. when we started this whole thing, it was 9 bucks. his shareholders aren't complaining about what the president's done. he has a tremendous amount of things he can call upon and talk about that he's done right. he refuses to talk about any of them. i wonder why. >> yes. >> i think the president really needed to push back on this idea, that there isn't a role for the government to play in the economy. even the idea that government can't create jobs. we have lost 656,000 public sector jobs since the recession began. the government could have saved those jobs. not only that, obama has a plan right now that moody's said would create 2 million more jobs. it would lower the unemployment rate by 1% if we saved those public sector jobs and passed another job bill, the unemployment rate would be 6% right now. >> right. >> it's not a fantasy. we know what would work and it's being blocked because number one the president and his team were afraid to talk about it between the span when the stimulus passed before he introduced his jobs bill in sep
even jack welch, his stock is at 23. when we started this whole thing, it was 9 bucks. his shareholders aren't complaining about what the president's done. he has a tremendous amount of things he can call upon and talk about that he's done right. he refuses to talk about any of them. i wonder why. >> yes. >> i think the president really needed to push back on this idea, that there isn't a role for the government to play in the economy. even the idea that government can't create...
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former general electric ceo and mitt romney supporter jack welch went as far as suggesting the obama administration manipulated the report. he tweeted unbelievable jobs numbers. these chicago guys will do anything. can't debate so change numbers. >> reporter: the white house calls welch's insinuation, quote, utter nonsense and most republicans are steering clear of the former ceo's comments including mitt romney. the republican nominee says many of the new jobs are only part time. and that's not what a real recovery looks like. >> even those that have jobs are having tough times. the middle class is being squeezed with higher and higher costs and with incomes that have gone down. >> reporter: the report was good news on wall street but investors remain wary. >> it's all everyone saying here we go everything is turning the corner. it's not! >> reporter: but history says the latest jobs report could play a part in the election. no president has been re- elected with unemployment above 8% since the great depression. tara mergener for cbs news, the white house. >>> one of the hottest fas
former general electric ceo and mitt romney supporter jack welch went as far as suggesting the obama administration manipulated the report. he tweeted unbelievable jobs numbers. these chicago guys will do anything. can't debate so change numbers. >> reporter: the white house calls welch's insinuation, quote, utter nonsense and most republicans are steering clear of the former ceo's comments including mitt romney. the republican nominee says many of the new jobs are only part time. and...
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former ge ceo jack welch stated that it was unbelievable. he stated that these chicago guys will do everything even changed the numbers. as for the president he used the good news and all of his campaign stops today. >> today's news should give us some encouragement. it should not be an excuse for the other side to talk down the economy. they should not be tried to adjust for political points. good news but not big a deal one way or another. it just indicates that we are moving in the right direction but very slow. the next debate will be october the 16th in new york. joe biden will have his debate on october the 11th. >> we are getting new detail about president obama as next trip to the ss 0. he will be attending a fund- raiser. this will be on monday october the eighth period music musician john legend will be heading this scene. the tickets are a hundred bucks or about 75 bucks. this show will be from 6:00 p.m. to 9:00 p.m.. >> in international news the deadly meningitis. there stating that pain shots that were given for back pain may ha
former ge ceo jack welch stated that it was unbelievable. he stated that these chicago guys will do everything even changed the numbers. as for the president he used the good news and all of his campaign stops today. >> today's news should give us some encouragement. it should not be an excuse for the other side to talk down the economy. they should not be tried to adjust for political points. good news but not big a deal one way or another. it just indicates that we are moving in the...
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>> forget what jack welch said. i'm talking about people who are trying to say that perhaps people have given up. and if you look into the numbers of the bureau of labor and statistics put out, the number of people who are discouraged and have given up has gone down in the past year by 235,000. and in the past four years, by over 400,000. that number is being skewed out there by those who want to say that the job numbers aren't what they appear to be. long-term unemployment is still very, very high, but those people are still looking. >> the u-6 number for those cognizant. >> coming up -- >> you're right. republicans are in the dumps. you're right. >> no, they're trying to pretend the numbers that they depend on when they're good in their camp. >> you can't have it all. >> are skewed. >> i don't know. if it continues this way, i think republicans can have it all. >> they're not. not going to have it all. >> coming up -- i'm so excited for what's happening later in the show. we're going to talk to chicago mayor rahm
>> forget what jack welch said. i'm talking about people who are trying to say that perhaps people have given up. and if you look into the numbers of the bureau of labor and statistics put out, the number of people who are discouraged and have given up has gone down in the past year by 235,000. and in the past four years, by over 400,000. that number is being skewed out there by those who want to say that the job numbers aren't what they appear to be. long-term unemployment is still very,...
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do you stand by this comment from jack welch? do you think that the white house cooked the numbers in the jobs report? >> well look, we're just going to talk about the facts. there's 23 million americans who are unemployed. they're either looking for a job, they are giving up or underemployed. if we just look at the numbers and take that for what it's worth, and i don't know that we have to say much more about whether the numbers have been cooked or not. >> the numbers are also 7.8% unemployment the lowest since president obama was inaugurated, correct? >> well, let's take a look at those numbers and take a little deeper look and say, for those who are not looking for a job any longer, they're not in the work place. they're not in the work participation. if you were to add those to those numbers, we'd have about 11% unemployment. look, one month of these numbers -- >> that includes people who are retired, correct? >> but let's look at those numbers a little closer again, we're looking at 43 state months of unemployment above 8%.
do you stand by this comment from jack welch? do you think that the white house cooked the numbers in the jobs report? >> well look, we're just going to talk about the facts. there's 23 million americans who are unemployed. they're either looking for a job, they are giving up or underemployed. if we just look at the numbers and take that for what it's worth, and i don't know that we have to say much more about whether the numbers have been cooked or not. >> the numbers are also 7.8%...
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welch. what does it say about partisanship in the country? >> it says that it starts to rot people's brains. the theory is just -- we need a good name for this. i nominate job nutters. but this really is ridiculous. this is -- first things first, this is good news for the country. and, yes, it benefits the president because it adds to argument. it takes away the argument that unemployment rate's been over 8%. it's a positive sign for the country. and frankly, it gives the president a boost in the wake of a terrible debate performance. but bottom line, it's a sign that the trend is moving away from the debt sweep we've dealt with. >> let me pick up on that. some democrats are saying what debate? how much of a boost does it really give the president, given the lackluster nature of his performance the other night? >> it doesn't give the president a do-over. he had a lousily first debate. that hurts. it's not determinative. the economy's issue number one. this is a boost. it helps change the top
welch. what does it say about partisanship in the country? >> it says that it starts to rot people's brains. the theory is just -- we need a good name for this. i nominate job nutters. but this really is ridiculous. this is -- first things first, this is good news for the country. and, yes, it benefits the president because it adds to argument. it takes away the argument that unemployment rate's been over 8%. it's a positive sign for the country. and frankly, it gives the president a...
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jack welch, okay he is a conservative, but you still thought of him as still a pretty reasonable guy right? >> i always did yeah. he used to play golf with bill clinton. but now he's a whacko. yeah, that the obama campaign could actually doctor these numbers? come on. just accept the fact! it's working. peter is calling from miami. >> caller: hey, bill last week i wanted to talk to you when you were talking about obama and his performance, and one of the things i wanted to say is what would they have been saying if he would have been on the aggressive side, would they be saying there's the angry black guy? >> bill: you know that's what some people would have said for sure. >> caller: absolutely. but i was reading an article about the score for the obama, the deficit going down. >> bill: yeah and they always try to take the good news and turn it into bad news. >> caller: i know it's crazy. but back to the debate peter. it was not the president's best night. and certainly he has bounced back from that. >> caller: he didn't have to do that bad -- not that i thought he did bad at all but
jack welch, okay he is a conservative, but you still thought of him as still a pretty reasonable guy right? >> i always did yeah. he used to play golf with bill clinton. but now he's a whacko. yeah, that the obama campaign could actually doctor these numbers? come on. just accept the fact! it's working. peter is calling from miami. >> caller: hey, bill last week i wanted to talk to you when you were talking about obama and his performance, and one of the things i wanted to say is...
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Oct 5, 2012
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. >> nancy, i want to ask you something that jack welch, former ceo of general electric tweeted this morning. he is a romney supporter. unbelievable jobs numbers. these chicago guys will do anything. can't debate so change numbers. we've had a response from the labor secretary, hilda solis, who called that ludicrous. this will become a political issue now as to whether these numbers -- as to whether they cooked the books. >> reporter: that's right, norah. the obama said they basically did not want to dignify it with a response. it is getting a lot of pickup. so much so that hida solis is responding to it and some republicans as well are saying that's just impossible. >>> earlier before the jobs report came out, we spoke with former presidential candidate howard dean. we asked the former vermont governor about criticism of president obama's debate performance by fellow democrats. >> it is a lot of hand wringing first of all. the president did fine. mitt romney was very aggressive and they should have been prepared for that. he had had been very aggressive on one of the sunday talk sho
. >> nancy, i want to ask you something that jack welch, former ceo of general electric tweeted this morning. he is a romney supporter. unbelievable jobs numbers. these chicago guys will do anything. can't debate so change numbers. we've had a response from the labor secretary, hilda solis, who called that ludicrous. this will become a political issue now as to whether these numbers -- as to whether they cooked the books. >> reporter: that's right, norah. the obama said they...
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Oct 7, 2012
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. >> peter: and interesting 7.8% number, economists and jack welch, where did this come from, the raw numbers put out and a disconnect. >> clayton: we have to look the at revised numbers a few months later and maybe find out in december what the true number was or were in september. but we have new numbers out of ohio. the all important battle ground state of ohio where president obama has been leading significantly there. in recent polls, well not significantly, but 5 or 4 points accord to go what karl rove was talking about, 49-50%. and looking at virginia, and there mitt romney has pulled ahead of president obama 49-48% within the mar begin of error, but definitely experiencing a debate bounce. and speaking of which, let's talk about the money they have been able to raise because this plays into how people are feeling after the debate as well. in just the 48 hours since the debate, mitt romney has been able to raise 12 million dollars online and just staggering numbers. >> peter: at the same time, the president announced that they raised 181 million dollars in september, about 1.8
. >> peter: and interesting 7.8% number, economists and jack welch, where did this come from, the raw numbers put out and a disconnect. >> clayton: we have to look the at revised numbers a few months later and maybe find out in december what the true number was or were in september. but we have new numbers out of ohio. the all important battle ground state of ohio where president obama has been leading significantly there. in recent polls, well not significantly, but 5 or 4 points...